TCW Corporate Bond ETF (NYSE:IGCB) Sees Significant Growth in Short Interest

TCW Corporate Bond ETF (NYSE:IGCB) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 87 shares, an increase of 2,800.0% from the August 31st total of 3 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 652 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On TCW Corporate Bond ETF

An institutional investor recently raised its position in TCW Corporate Bond ETF stock. Citadel Advisors LLC boosted its stake in shares of TCW Corporate Bond ETF (NYSE:IGCB) by 20.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,130 shares of the company’s stock after purchasing an additional 1,880 shares during the period. Citadel Advisors LLC owned approximately 1.22% of TCW Corporate Bond ETF worth $511,000 at the end of the most recent quarter.

TCW Corporate Bond ETF Stock Performance

IGCB traded down $0.35 during trading on Thursday, reaching $43.87. 30 shares of the company’s stock were exchanged, compared to its average volume of 1,766. TCW Corporate Bond ETF has a 1 year low of $43.78 and a 1 year high of $47.37. The company’s fifty day simple moving average is $44.79 and its 200-day simple moving average is $45.44.

TCW Corporate Bond ETF Company Profile

The TCW Corporate Bond ETF (IGCB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund takes an active approach to holding US investment grade and high yield corporate securities, with an average duration of three to nine years. IGCB was launched on Jun 29, 2018 and is issued by TCW.